Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Investment Company, Net Assets [Roll Forward]      
NET ASSETS, BEGINNING OF YEAR $ 445,830 [1] $ 382,364 [1] $ 369,031
OPERATIONS      
Net investment income 37,000 14,990 17,938
Net realized gain on investments 10,753 14,442 11,374
Net realized loss on other 0 (1,998) (782)
Net unrealized appreciation (depreciation) of investments (12,235) 74,882 13,924
Net unrealized depreciation of other 29 0 0
Net increase in net assets from operations 35,547 102,316 42,454
DISTRIBUTIONS      
Distributions to common stockholders from net investment income ($0.92, $0.91, and $0.83 per share, respectively) [1] (30,833) (30,244) (27,407)
Distributions to common stockholders from cumulative realized gains ($0.49, $0.26, and $0.10 per share, respectively) [1] (16,217) (8,606) (3,451)
Net decrease in net assets from distributions [1] (47,050) (38,850) (30,858)
CAPITAL ACTIVITY      
Issuance of common stock 5,492 0 1,772
Discounts, commissions, and offering costs for issuance of common stock (77) 0 (35)
Net increase in net assets from capital activity 5,415 0 1,737
TOTAL INCREASE (DECREASE) IN NET ASSETS (6,088) 63,466 13,333
NET ASSETS, END OF YEAR [1] $ 439,742 $ 445,830 $ 382,364
[1] Refer to Note 9 — Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.